Oscars 2011 Best Dressed: Fashion Winners on the Red Carpet (PHOTOS)!

The 2011 Oscars (also known as the Academy Awards) are just one hour from kick off but the real excitement is heating up on the red carpet right now.

So far, we’ve seen several beautiful women grace the red carpet with style and elegance and almost every woman has been dressed impeccably for the evening.

And while there are many gorgeous fashionistas rocking the red carpet, only the most stylish women can make our list for Best Dressed at the 2011 Oscars.

So far (and bear in mind that many women – like Natalie Portman and Nicole Kidman – have yet to hit the red carpet) the women topping our list right are Mila Kunis (who is a definite frontrunner for our #1 best dressed lady of the night), Hailee Steinfeld, Amy Adams and Michelle Williams (who is also a frontrunner for the top position).

Here are the photos of the Best Dressed women on the Oscars 2011 red carpet (we’ll be sure to add the photos of other women topping the list as they arrive).

Check back tomorrow for all the details on tonight’s Oscar show.

Without further ado, here are the pics – who do you think should win for best dressed of the night?